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Hydrogen Global Market Report 2020

Region:Global

Author(s):

Product Code:7303

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Published on

February 2020

Total pages

200

Table of Content

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About the Report

About the Report

The hydrogen market consists of sales of hydrogen and its related services for industrial and other purposes. Hydrogen is produced as a by-product of industrial chlorine production by electrolysis. Although it requires expensive technologies, hydrogen can be cooled, compressed and purified for use in other processes on site or sold to a customer via pipeline, cylinders or trucks.
 
The global hydrogen market was worth USD 0.25 billion in 2019. It is expected to grow at a compound annual growth rate (CAGR) of 10% and reach USD 0.38 billion by 2023.
 
The hydrogen market has been geographically segmented into North America, Western Europe, Asia-Pacific, Eastern Europe, South America and Middle East & Africa. The hydrogen market in Asia Pacific is forecasted to register the highest CAGR during 2019-2023.
 
The hydrogen market covered in this report is segmented by mode of distribution into pipeline, high-pressure tube trailers, cylinders. It is also segmented By end use into chemicals, aerospace and automotive, energy, refining, glass, welding and metal fabrication, others
 
New developments are taking place in healthcare with increasing emphasis on a healthier, better quality of life. Industrial gases such as hydrogen is being prepared for clinical use in pharmaceutical-based products. Hospitals such as St. Francis and VA Loma Linda have already an installed capacity of hydrogen plants for power generation process. Treatments and drug developments using induced pluripotent stem cells (IPS) will bring new added value to the industry through the application of systems using gases. This is indispensable for the cultivation and preservation of cells and tissues and is driving the demand for high grade industrial gases.
 
During the forecast period, high transportation and storage costs of hydrogen are expected to restrain the hydrogen market. Hydrogen is not just the smallest element on earth, it is also the lightest-as a point of comparison, the mass one gallon of gasoline is approximately 2.75 kgs where one gallon of hydrogen has a mass of only 0.00075 kg (at 1 atm pressure and 0 C). In order to transport large amounts of hydrogen it must be either pressurized and delivered as a compressed gas, or liquefied. Where the hydrogen is produced can have a big impact on the cost and best method of delivery and its broad flammability range relative to hydrocarbons. Hydrogen is transported from the point of production to the point of use via pipeline, over the road in cryogenic liquid tanker trucks or gaseous tube trailers, or by rail or barge. These factors are expected to have a negative impact on the hydrogen market.
 
Hydrogen manufacturing companies have started adopting a technology of manufacturing hydrogen from sewage. Hydrogen gas can be manufactured from sewage sludge for use in the chemicals, fertilizers, transportation and manufacturing industries. In this process, the weight of the sewage sludge is reduced by means of dehydration followed by incineration, melting, composting, and drying. This process can be used to produce hydrogen in a large scale for supply to the manufacturing and transportation industries. Companies such as Fuel Cell Energy and Graforce Hydro are investing in this technology. Los Angeles Fuel Cell Energy Inc. is one of hydrogen manufacturers which operates the world's largest tri-generation plant that converts sewage into electrical power and renewable hydrogen for transportation fuel.
 
In August 2018, PAG, a Hong-Kong based private equity firm, acquired a 51% majority stake in Baosteel Gases for USD 610 million. Baosteel Gases is a Chinese provider of industrial gases, with businesses in cryogenic air separation plants (ASUs), synthetic gases, hydrogen, clean energy gases, and packaged gases.
 
Major players in the market are Praxair, Inc., Air Liquide S.A., Air Products and Chemicals, Inc., INOX Air Products Ltd., Iwatani Corporation, Hydrogenics Corporation, Linde AG, Messer Group GmbH, Nuvera Fuel Cells, Taiyo Nippon Sanso Corporation

Products

Products

1) By Mode of Distribution: Pipeline; High-Pressure Tube Trailers; Cylinders; 2) By End Use: Chemicals; Aerospace and Automotive; Energy; Refining; Glass; Welding and Metal Fabrication; Others


Companies

Praxair, Inc.

Air Liquide S.A.

Air Products and Chemicals, Inc.

INOX Air Products Ltd.

Iwatani Corporation

Hydrogenics Corporation

Linde AG

Messer Group GmbH

Nuvera Fuel Cells

Taiyo Nippon Sanso Corporation

Caloric Anlagenbau

Xebec Adsorption

Showa Denko K.K. (SDK)

Nel ASA

Plug Power

Ally Hitech Co. Ltd

Gulf Cryo

Teledyne Technologies

Table of Contents

Table of Contents

1. Executive Summary

2. Hydrogen Market Characteristics

3. Hydrogen Market Size And Growth

3.1. Global Hydrogen Historic Market, 2015-2019, USD Billion

3.1.1. Drivers Of The Market

3.1.2. Restraints On The Market

3.2. Global Hydrogen Forecast Market, 2019-2023F, 2025F, 2030F, USD Billion

3.2.1. Drivers Of The Market

3.2.2. Restraints On the Market

4. Hydrogen Market Segmentation

4.1. Global Hydrogen Market, Segmentation By Mode Of Distribution, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Pipeline

High-Pressure Tube Trailers

Cylinders

4.2. Global Hydrogen Market, Segmentation By End Use, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Chemicals

Aerospace and Automotive

Energy

Refining

Glass

Welding and Metal Fabrication

Others

5. Hydrogen Market Regional And Country Analysis

5.1. Global Hydrogen Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

5.2. Global Hydrogen Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

6. Asia-Pacific Hydrogen Market

6.1. Asia-Pacific Hydrogen Market Overview

6.2. Asia-Pacific Hydrogen Market, Segmentation By Mode Of Distribution, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

7. China Hydrogen Market

7.1. China Hydrogen Market Overview

7.2. China Hydrogen Market, Segmentation By Mode Of Distribution, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F,USD Billion

8. India Hydrogen Market

8.1. India Hydrogen Market Overview

8.2. India Hydrogen Market, Segmentation By Mode Of Distribution, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

9. Japan Hydrogen Market

9.1. Japan Hydrogen Market Overview

9.2. Japan Hydrogen Market, Segmentation By Mode Of Distribution, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

10. Australia Hydrogen Market

10.1. Australia Hydrogen Market, Segmentation By Mode Of Distribution, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

11. Indonesia Hydrogen Market

11.1. Indonesia Hydrogen Market, Segmentation By Mode Of Distribution, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

12. South Korea Hydrogen Market

12.1. South Korea Hydrogen Market, Segmentation By Mode Of Distribution, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

13. Western Europe Hydrogen Market

13.1. Western Europe Hydrogen Market Overview

13.2. Western Europe Hydrogen Market, Segmentation By Mode Of Distribution, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

14. UK Hydrogen Market

14.1. UK Hydrogen Market Overview

14.2. UK Hydrogen Market, Segmentation By Mode Of Distribution, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

15. Germany Hydrogen Market

15.1. Germany Hydrogen Market, Segmentation By Mode Of Distribution, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

16. France Hydrogen Market

16.3. France Hydrogen Market, Segmentation By Mode Of Distribution, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

17. Eastern Europe Hydrogen Market

17.1. Eastern Europe Hydrogen Market Overview

17.2. Eastern Europe Hydrogen Market, Segmentation By Mode Of Distribution, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

18. Russia Hydrogen Market

18.1. Russia Hydrogen Market, Segmentation By Mode Of Distribution, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

19. North America Hydrogen Market

19.1. North America Hydrogen Market Overview

19.2. North America Hydrogen Market, Segmentation By Mode Of Distribution, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

20. USA Hydrogen Market

20.1. USA Hydrogen Market Overview

20.2. USA Hydrogen Market, Segmentation By Mode Of Distribution, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

21. South America Hydrogen Market

21.1. South America Hydrogen Market Overview

21.2. South America Hydrogen Market, Segmentation By Mode Of Distribution, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

22. Brazil Hydrogen Market

22.1. Brazil Hydrogen Market, Segmentation By Mode Of Distribution, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

23. Middle East Hydrogen Market

23.1. Middle East Hydrogen Market Overview

23.2. Middle East Hydrogen Market, Segmentation By Mode Of Distribution, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

24. Africa Hydrogen Market

24.1. Africa Hydrogen Market Overview

24.2. Africa Hydrogen Market, Segmentation By Mode Of Distribution, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

25. Hydrogen Market Competitive Landscape And Company Profiles

25.1. Hydrogen Market Competitive Landscape

25.2. Hydrogen Market Company Profiles

25.2.1. Praxair, Inc.

25.2.1.1. Overview

25.2.1.2. Products and Services

25.2.1.3. Strategy

25.2.1.4. Financial Performance

25.2.2. Air Liquide S.A.

25.2.2.1. Overview

25.2.2.2. Products and Services

25.2.2.3. Strategy

25.2.2.4. Financial Performance

25.2.3. Air Products and Chemicals, Inc.

25.2.3.1. Overview

25.2.3.2. Products and Services

25.2.3.3. Strategy

25.2.3.4. Financial Performance

25.2.4. INOX Air Products Ltd.

25.2.4.1. Overview

25.2.4.2. Products and Services

25.2.4.3. Strategy

25.2.4.4. Financial Performance

25.2.5. Iwatani Corporation

25.2.5.1. Overview

25.2.5.2. Products and Services

25.2.5.3. Strategy

25.2.5.4. Financial Performance

26. Key Mergers And Acquisitions In The Hydrogen Market

27. Hydrogen Market Trends And Strategies

28. Hydrogen Market Future Outlook and Potential Analysis

29. Appendix

29.1. Abbreviations

29.2. Currencies

29.3. Research Inquiries

29.4. The Business Research Company

29.5. Copyright And Disclaimer

 


List of Figure

Figure 1: Global Historic Market Growth, 2015-2019, USD Billion

Figure 2: Global Forecast Market Growth, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 3: Global Hydrogen Market, Segmentation By Mode Of Distribution, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 4: Global Hydrogen Market, Segmentation By End Use, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 5: Global Hydrogen Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 6: Global Hydrogen Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 7: Asia-Pacific, Hydrogen Market, Segmentation By Mode Of Distribution, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 8: China, Hydrogen Market, Segmentation By Mode Of Distribution, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 9: India, Hydrogen Market, Segmentation By Mode Of Distribution, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 10: Japan, Hydrogen Market, Segmentation By Mode Of Distribution, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 11: Australia, Hydrogen Market, Segmentation By Mode Of Distribution, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 12: Indonesia, Hydrogen Market, Segmentation By Mode Of Distribution, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 13: South Korea, Hydrogen Market, Segmentation By Mode Of Distribution, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 14: Western Europe, Hydrogen Market, Segmentation By Mode Of Distribution, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 15: UK, Hydrogen Market, Segmentation By Mode Of Distribution, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 16: Germany, Hydrogen Market, Segmentation By Mode Of Distribution, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 17: France, Hydrogen Market, Segmentation By Mode Of Distribution, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 18: Eastern Europe, Hydrogen Market, Segmentation By Mode Of Distribution, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 19: Russia, Hydrogen Market, Segmentation By Mode Of Distribution, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 20: North America, Hydrogen Market, Segmentation By Mode Of Distribution, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 21: USA, Hydrogen Market, Segmentation By Mode Of Distribution, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 22: South America, Hydrogen Market, Segmentation By Mode Of Distribution, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 23: Brazil, Hydrogen Market, Segmentation By Mode Of Distribution, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 24: Middle East, Hydrogen Market, Segmentation By Mode Of Distribution, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 25: Africa, Hydrogen Market, Segmentation By Mode Of Distribution, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 26: Praxair, Inc. Financial Performance

Figure 27: Air Liquide S.A. Financial Performance

Figure 28: Air Products and Chemicals, Inc. Financial Performance

Figure 29: INOX Air Products Ltd. Financial Performance

Figure 30: Iwatani Corporation Financial Performance


List of Table

Table 1: Global Historic Market Growth, 2015-2019, USD Billion

Table 2: Global Forecast Market Growth, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 3: Global Hydrogen Market, Segmentation By Mode Of Distribution, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 4: Global Hydrogen Market, Segmentation By End Use, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 5: Global Hydrogen Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 6: Global Hydrogen Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 7: Asia-Pacific, Hydrogen Market, Segmentation By Mode Of Distribution, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 8: China, Hydrogen Market, Segmentation By Mode Of Distribution, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 9: India, Hydrogen Market, Segmentation By Mode Of Distribution, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 10: Japan, Hydrogen Market, Segmentation By Mode Of Distribution, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 11: Australia, Hydrogen Market, Segmentation By Mode Of Distribution, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 12: Indonesia, Hydrogen Market, Segmentation By Mode Of Distribution, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 13: South Korea, Hydrogen Market, Segmentation By Mode Of Distribution, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 14: Western Europe, Hydrogen Market, Segmentation By Mode Of Distribution, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 15: UK, Hydrogen Market, Segmentation By Mode Of Distribution, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 16: Germany, Hydrogen Market, Segmentation By Mode Of Distribution, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 17: France, Hydrogen Market, Segmentation By Mode Of Distribution, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 18: Eastern Europe, Hydrogen Market, Segmentation By Mode Of Distribution, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 19: Russia, Hydrogen Market, Segmentation By Mode Of Distribution, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 20: North America, Hydrogen Market, Segmentation By Mode Of Distribution, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 21: USA, Hydrogen Market, Segmentation By Mode Of Distribution, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 22: South America, Hydrogen Market, Segmentation By Mode Of Distribution, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 23: Brazil, Hydrogen Market, Segmentation By Mode Of Distribution, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 24: Middle East, Hydrogen Market, Segmentation By Mode Of Distribution, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 25: Africa, Hydrogen Market, Segmentation By Mode Of Distribution, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 26: Praxair, Inc. Financial Performance

Table 27: Air Liquide S.A. Financial Performance

Table 28: Air Products and Chemicals, Inc. Financial Performance

Table 29: INOX Air Products Ltd. Financial Performance

Table 30: Iwatani Corporation Financial Performance

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